Bessemer Group Inc. Trims Holdings in HF Sinclair Corporation (NYSE:DINO)

Bessemer Group Inc. decreased its position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 67.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,833 shares of the company's stock after selling 43,037 shares during the period. Bessemer Group Inc.'s holdings in HF Sinclair were worth $685,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. IFP Advisors Inc boosted its stake in shares of HF Sinclair by 33.4% during the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock worth $58,000 after purchasing an additional 417 shares during the period. Proficio Capital Partners LLC bought a new stake in HF Sinclair in the fourth quarter worth about $819,000. Metis Global Partners LLC purchased a new position in shares of HF Sinclair during the fourth quarter valued at approximately $360,000. Jones Financial Companies Lllp grew its stake in shares of HF Sinclair by 83.7% during the fourth quarter. Jones Financial Companies Lllp now owns 38,198 shares of the company's stock valued at $1,339,000 after buying an additional 17,404 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of HF Sinclair by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock worth $193,197,000 after buying an additional 617,218 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Stock Up 3.5%

NYSE DINO traded up $1.46 on Wednesday, hitting $43.57. The stock had a trading volume of 2,909,529 shares, compared to its average volume of 2,556,948. The business's fifty day moving average price is $36.44 and its 200 day moving average price is $34.72. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of -56.58 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 0.76. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $54.48.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. The firm had revenue of $6.37 billion during the quarter, compared to analysts' expectations of $6.72 billion. During the same quarter last year, the firm earned $0.71 EPS. The business's quarterly revenue was down 9.3% on a year-over-year basis. Equities research analysts anticipate that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair's dividend payout ratio (DPR) is presently -259.74%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Morgan Stanley cut their price objective on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Barclays raised their target price on shares of HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Scotiabank lowered their price target on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Piper Sandler reduced their price objective on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Finally, TD Cowen lifted their target price on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research report on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $43.70.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.